Show/Hide TOC

MT 306 Field Specifications

101. Field 24D: Dealing Method

FORMAT

Option D 4!c[/35x] (Method)(Additional Information)

PRESENCE

Optional in conditional (see rule C18) sequence K

DEFINITION

This field specifies how the deal was agreed.

CODES

Method must contain one of the following codes, optionally followed with Additional Information (Error code(s): T68):

BROK Deal made via a money broker
ELEC Deal made via an electronic system (Reuters, EBS etc.)
FAXT Deal agreed by fax
PHON Deal agreed on the phone
TELX Deal agreed by telex

USAGE RULES

For voice brokers this field contains the code BROK. If the broker needs to be identified explicitly, field 88a must be used.